New Jersey News

New York, New Jersey Put $71 Billion Price Tag on Sandy

New York state and New Jersey need at least $71.3 billion to recover from the devastation wrought by Superstorm Sandy and prevent similar damage from future storms, according to their latest estimates. The total, which could grow, came as New …

Study: New Jersey Beaches 30-40 Feet Narrower After Superstorm Sandy

The average New Jersey beach is 30 to 40 feet narrower after Superstorm Sandy, according to a survey that is sure to intensify a long-running debate on whether federal dollars should be used to replenish stretches of sand that only …

AIR Worldwide Survey Team Describes Sandy Losses in N.J., N.Y.

AIR Worldwide recently concluded damage survey of areas impacted by Superstorm Sandy, which made landfall on Oct. 29, five miles southwest of Atlantic City, New Jersey. On November 11, 2012, AIR teams were deployed to survey damage in New York …

NAIC Sets Up Consumer Call Center in Aftermath of Superstorm Sandy

State insurance regulators, working cooperatively through the National Association of Insurance Commissioners (NAIC), are coordinating efforts to assist New Jersey and other Eastern Seaboard residents in the aftermath of Superstorm Sandy. To help field calls and respond to residents’ needs, …

Boating Loss From Superstorm Sandy Could Set Record

N.J. resident Kevin Kelly couldn’t quite tell the damage Superstorm Sandy caused his 30-foot Wellcraft Sportfisher when he saw it last week. It was in the middle of Shrewsbury Avenue in Highlands, N.J., under a pile of about 30 boats …

Delays in Power Restoration After Storm Anger N.Y., N.J. Residents

Utility companies in New York and New Jersey closed in on restoring power this past Sunday to the last of the 8.5 million customers who lost it during the superstorm two weeks ago and a subsequent nor’easter storm, but tens …

New York, New Jersey Order Evacuations Ahead of New Storm

[The National Weather Service updated its nor’easter forecast Wednesday morning. The agency said this strengthening coastal storm will impact northeast Wednesday into Thursday. A low pressure system off the Mid-Atlantic coast will continue to strengthen as it moves north on …

No Hurricane Deductibles for Sandy Claims in New Jersey, Maryland

Hurricane deductibles will not be applicable for Sandy-related claims in New Jersey, the state where the superstorm made landfall late Monday. New Jersey Department of Banking and Insurance Acting Commissioner Ken Kobylowski communicated to the insurance industry Tuesday night that …

Rising Medical Costs Lead to Hike in Cost Per WC Claim in N.J.: Study

The cost per workers’ compensation claim in New Jersey rose following the end of the recession, according to a new study by the Workers Compensation Research Institute (WCRI). The study said a 10 percent increase in medical payments per claim …

N.J.’s Financial Literacy Program Gets Underway for New School Year

New Jersey Department of Banking and Insurance Acting Commissioner Ken Kobylowski visited a local high school Wednesday, kicking off his department’s statewide financial literacy program for the new school year.At the Old Bridge High School in Matawan, N.J., Kobylowski urged …